Cryptocurrency News With URL like captainaltcoin.net

Absurdistan: For $2
A 51% attack means that 51% of the computer processing power used to verify transactions is controlled by one entity, and once this number (51%) has been reached, they can create a new ledger (blockchain fork basically) so that they can double spend their own coins (among a few other capabilities). So basically, if there was an election and you control 51% of the vote, you decide who gets elected. If you are curious what an attack like this costs to undertake on any blockchain, there is an interesting website that calculates exactly that. You can basically rent hashing power from NiceHash to complete an attack and the website tracks the cost for that rent.

XRP can't accrue value even if Ripple's xRapid dethrones SWIFT because of token velocity problem
XRP army is one vivid crew, they get easily triggered by XRP critical articles. This one is not XRP hate, rather a highlight of little discussed velocity problem that XRP token will face in hypothetical mass adoption scenario. As Kyle Samani of Multicoin Capital explains it in this seminal piece, token velocity is often overlooked in crypto sector. Basically, all token pitches include a line that goes something like this: There is a fixed supply of tokens. As demand for the token increases, so must the price. This logic fails to take into account the velocity problem. XRP will be used to pay network fees in the xRapid Ripple Protocol implementation, and can also be used as a bridge currency between institutions. As such, XRP will change hands very fast. Buyers won't hold the tokens for more than a few minutes at a time. There's simply no incentive to hold them and incur price risk relative to the dollar.

LOL, no lambos for EOS BPs - Speaking of death spiral: EOS block producers close to wind up in one
Death spiral theory subscribers argued, once Bitcoins price falls below its cost of mining, the incentive to mine will deteriorate, thrusting bitcoin into a death spiral. That is, without the mining activities supporting the ledger that maintains the records of who owns what. Corey Miller, part of the BlockTower investment team, raised an interesting question apro po the topic of death spirals. While everyone was focused on the baseless bitcoin mining death spiral, EOS price crumbling got its block producers in hot water. In this survey filled out by block producers, the break-even cost for them was ~$4 per EOS. EOS is currently trading at $1.80.

Why is Dash (DASH) getting so little love from crypto community despite impressive technological achievements
A new stress test has shown that the scaling of the cryptocurrency Dash has almost no limits. According to the developers, the network will soon be able to compete with other payment providers such as PayPal. The results of the stress test should now help to revive the currency, as the Dash price has fallen by more than 30% in the last ten days. Every cryptocurrency stress test is about more than just the number of transactions. For Dash, negative network impact was minimal. The stress test carried out about two weeks ago produced impressive results. Around 3 million transactions were carried out over a 24-hour period. It achieved 35 transactions per second four times the result of the last stress test carried out in the summer of this year. No previous test has come close to yielding so strong results. The test was initiated by the community and the transaction fees were financed through donations, but of course the developer Dash Core Group was instrumental in monitoring all the results.

Who is going to reign gaming and gambling on blockchain Tron (TRX) and EOS to lock horns (and TRX to win it in author's opinion)
Video games are one of the biggest industries in the world. In 2018 alone, video games will generate $137 billion, a 13% increase year-over-year. Many argue that the first (or the second if you count bitcoin as the first killer app) killer app for cryptocurrencies is going to be in the gaming industry. Allowing gamers to earn real money while playing is a big deal. Gamers right now are paying to play video games, they're paying to buy the games, and they're paying for in game items like skins and dances. Gamers don't yet realize they want to profit off these in games items, because there has yet to be a mainstream game that shows them another way.

Lisk (LSK) about to dismantle delegate cartels - new roadmap is out
Lisk issues with centralization and with its DPoS system being controlled by a pool that owns more than 53% of the network, thus having full control over the consensus, transactions, votes, and delegates, have been a public secret for quite some time. A Lisk developer and investor calling himself 4fryn released an article titled How to maximize your Lisk stake rewards in which he described why the current system benefits only a few selfish individuals at the top and suggested several reasonable improvements to the way things currently operate. His suggestions include reducing the size of the delegates pool and unvoting the most selfish members of the network.

Harsh but very likely ending to majority of the coins on the market: Refund ICO proceedings and close up the shop
On Friday, Nov. 16, the SEC announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). The agency explained that Carriereq Inc. (aka Airfox) and Paragon Coin Inc. both consented to the orders without admitting or denying the findings, elaborating: These are the commission's first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the commission, and pay penalties. The U.S. Securities and Exchange Commission (SEC) is expanded its crackdown on Initial Coin Offerings (ICOs), putting hundreds of projects at risk.

No one dubbed them as such, but Stellar (XLM) could end up being "the Ethereum killer" | CaptainAltcoin
Although Ethereum platform still dominates the ICO landscape, things are starting to change. Ethereum's notorious scalability and transaction speed problems paired with frequent network clogging are starting to chase away new ICOs to other platforms. The choice ICO teams have is more than abundant EOS, NEO, VeChain, Stellar etc. We reported about the first VeChain dApp about to be launched that is yet another migrant from Ethereum Dbet. Another two examples of such emmigration from Ethereum to their competition are covered in this article. This time the competitor that stole the projects is not VeChain, but Stellar Lumens.

NANO Boulton release is packed with features (most notable lazy bootstrapping) while hodlers dream about Coinbase listing
Nano is about to update their node software and it is an upgrade crowded out with new features and technical improvements. The release date of the upgrade, dubbed Boulton, is not yet set but is right around the corner according to the official Nano Medium article. As this is one of the largest releases to ever hit the Nano network, there is plenty to go through, including improvements to the node software, RPC, developer wallet and testing environment. One of the most anticipated features to be introduced is the lazy bootstrapping. Lazy bootstrapping improves the current bootstrapping process, or the mechanism used by nodes to bulk update their ledger. Because the bootstrapping network scales as more nodes are added to the network, by moving traffic off of the real-time network, lazy bootstrapping presents a more efficient method of adding blocks to a ledger in bulk. Upon implementation onto the network, there will be a reduction in voting, which in turn decreases the bandwidth and CPU usage of nodes.

Setting new records: $62 million of Litecoin (LTC) moved for less than $0
Even though one of my colleagues is not too fond of Litecoin and sees no use case for it, this is still one of the biggest coins, most active development teams and the second safest network in crypto space in terms of hashpower. According to one Litecoin publication on Medium, the Litecoin network processed one of its largest and most valuable transactions ever, 1,159,005.90779568 valued at ~$62M and all it cost to send was 0.00922 ($0.5). The transaction happened last week. The Transaction appears to be a consolidation of funds into a new Multi-Signature / Segwit M? address from a handful of Legacy addresses. The transaction which created the new richest address on the network was made by the previous richest address on the network which is now lies empty. In the process a staggering 71,618,997 coin days were also destroyed.

John McAfee found a new shitcoin to pump: Skycoin (SKY)
Skycoin is a project described by TNW like this: Enter Skycoin, the sounds-to-good-to-be-true coin with so many problems its likelihood of being a scam is somewhere between probably and even more probably. So is it a scam I'm 99 percent sure of it. It looks like a pre-mined ICO that's waiting for a good time to fail. We won't mention the words exit scam, because the company is built on the back of its Skyminer hardware. All it has to do is keep convincing people to shell out $10,000 for magic beans (in the form of Skycoin) and all will be well in the mysterious world of Skycoin. We'll end this with the same words Skycoin COO Bradford Stephens used to end our conversation with him:

Emurgo launching ADA based IronX exchange, public ICO start set for Thursday
The firm Emurgo is owned by one of the founders of Cardano (ADA)  Ken Kodama, and the company is one of the three pillars of Cardano project. Actually, since couple of weeks ago, it is one of the two pillars as Emurgo and IOHK announced their split from the Cardano Foundation. Emurgo just broke out the news about their new project a crypto exchange with ADA as the base currency. EmurgoHK has partnered with online trading platform IronFX to crowdsource $22.3 million in a private sale to start a new cryptocurrency exchange set to open in two months,  December 2018. The exchange dubbed as IronX will utilise the ERC-20 compliant IRX token as its native token but plans to use Cardano's ADA token for its standard trading pairs as well. Holders of IRX will receive a significant discount on exchange fees, similar to what Binance does with BNB token and transactions when using IronX, as well as other services and benefits.

Hymn of praise for Ark (ARK) backfires and discovers severe centralization issues in the project
Ark is one of those projects that sound great on paper and appears to have a solid team working on the project, regular updates and generally a positive sentiment around it. One Ark Redditor let his love for Ark lead him to start an eulogy for the project, while bashing competition and generally all other altcoins. He started by claiming how everyone had their scandal (Lisk has cartels of delegates, WTC had a fake giveaway etc) while Ark is so great, works like a well oiled machine. And community got hooked and mostly started echoing his stance while bringing up some micro-issues about the project.

Microfost Excel users will be able to send and receive bitcoin via Lightning Network
Pierre Rochard, software engineer at Bitcoin Advisory, presented on October 24 some advances of a Microsoft Excel add-on he is developing to receive and send payments through Lightning Network (LN) channels in the spreadsheet application. Rochard explained that The LND node software now runs from within the Excel add-on. It should be noted that LND stands for Lightning Network Daemon, the name of the node, which currently comes in beta version 0.5. According to Rochard's tweet, Excel users will be able to make and receive LN payment invoices with just a few clicks. He added that this will be possible through Neutrino, Lightning Network's light client technology that enables those who do not run a full node to make payments through it.

Surveillance state per excellence: Coinbase's stablecoin is a demanding one and will shut you off if you don't comply
Now that we have another, completely opposite coin to bitcoin in the market, let's see what are we allowed to buy with USDC. The principal notion of bitcoin movement is self-sovereignty, individual freedom and censorship resistance. Stablecoins like USDC are on the total opposite end of the spectrum they completely control the asset, monitor every transaction and can stop and ban you any time. How about that for censorship resistance As per official User Agreement, using the USDC Services for transfers related to the following is prohibited, and Circle reserves the right to monitor for transactions that relate to many things.

Why do all big companies create Tether-like stablecoins Coinbase and Circle case explained
Coinbase and Circle announce their joint stablecoin, and BitPay introduces a settlement in stablecoins. How boring. Was that the vision of decentralised currency reform At the moment, one might think that the whole point of Bitcoin and crypto currencies would have been to become the platform for a digital dollar. After countless other stablecoins, Coinbase and Circle are now also announcing a dollar coin. The USDC Stablecoin?, according to Coinbase yesterday on its blog, can now be bought, sold and received in selected jurisdictions?. So far, the selected jurisdictions have been limited to all US states except New York.

Decred (DCR) Summary: Overview of recent happenings around Decred, focus on Politeia
Decred's price action brought us several ups and downs throughout the last month. Experiencing several higher highs throughout the month of September, the currency briefly peaked at $40.88 on the 30th. October saw the price drop to $37.86 on the 3rd and from here DCR entered a strong uptrend. The uptrend peaked at $45.48 on the 9th before the general market crash led the currency to the monthly low of $36.61 on the 13th. Daily trade volume exploded to over $10.5 million around this time. These lows didn't last long as DCR bounced towards a high of $44.28 on the 15th. Ever since, the currency entered a relatively slow downtrend.

Qtum (QTUM) Summary: Delivered a whole host of updates that should satisfy even the pickiest of community members | Captain Altcoin
QTUM has been all over the place with its price movement. Falling to $3.15 twice during the month of September (on the 12th and the 18th) the currency exploded in a strong move which led it to $4.06 on 22nd, backed by a volume of $195,150,950. This wasn't all she wrote as the currency reached $4.31 on the 23rd. After a recover towards $3.47 and a subsequent breakout towards $4.08, QTUM entered a sideways pattern which has kept it hovering just below $4 for a couple of weeks. The currency attempted to break out on the 10th but the move was smitten down by a market downturn; this caused the price to enter a strong downtrend which led it to monthly lows of $3.41.

Digibyte (DGB) Digest: Why is DGB the only bigger cryptocurrency not listed on Binance
DigiBytes price has been suffering lately after a period of relative stability. After dropping to $0.021862 on September 12th, the currency recovered with aplomb as it rose to a monthly high of $0.027956 on 15th. This high was retested on the 23rd when the currency reached $0.026920, supported by a strong volume breakout of more than $9 million DGB traded on the daily.  From here DGB fell down to $0.02676 on the 25th and later on spent the rest of the month hovering above $0.025. October brought on a similar state of things, as the price stayed around $0.025 (with a drop towards $0.024310 and a rise towards $0.027895 disturbing the status quo). The status quo was definitely broken on 11th when the general market drop plunged the price into its current lows.

Neo (NEO) Summary: Not in the spotlight anymore but ecosystem is brewing in the background
NEO has been on a real rollercoaster when it comes to its price movement. Peaking on September 11th with 18.80 the currency dropped to a monthly low of $16.36 just day later. After retesting $18 a couple more times, NEO went to $16.44 before experiencing a strong period of recovery. NEO saw a strong breakout on the 21st when it reached $20.21 on a trade volume of $135,494,084. The currency re-tested $20 once again before falling below $18 on the 25th. $20 was broken once again on the 28th and NEO has since gone into consolidation. This period of calm was ended abruptly yesterday when a general market crash led to NEO dropping down to $15.51 on $243,259,993 worth of daily volume.

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